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Nov 9, 2012
11/12
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remember one thing that president obama said when he was candidate obama last time. he said during a recession is never the time to raise rates on anybody. so do you not want to raise rates either just by the number going up or by effective rates -- >> of course the congress at budget office yesterday saying if we go over the fiscal cliff, that we will go into effectively another recession. and unemployment will go up. scott garrett, final thought. >> i would say we've already gone over one fiscal cliff. what's coming on january 1 is not a cliff but a wall of higher tax rates. we've already gone over the fiscal cliff of spending already by this administration. >> congressman garrett, thank you very much. sue? >>> the dow jones industrial average has now moved into negative territory. we are down about ten points on the dow jones industrial average. where's the money going? well, marginally it is going into the gold market. gold prices are closing right now. i think about a $5 gain there. sharon epperson is track being the action at the nymex. >> gold is above $1,730
remember one thing that president obama said when he was candidate obama last time. he said during a recession is never the time to raise rates on anybody. so do you not want to raise rates either just by the number going up or by effective rates -- >> of course the congress at budget office yesterday saying if we go over the fiscal cliff, that we will go into effectively another recession. and unemployment will go up. scott garrett, final thought. >> i would say we've already gone...
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Nov 29, 2012
11/12
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. >> that even goes to obama's terminology yesterday. he talked about presenting a framework by chris mall. framework, all that means is, listen, we've got to plan, we can modify it, tweak it -- the market will not want that. >> the market will move very quickly if they perceive it is not substance. remember it's two parts -- soon and substance. >> thank you very much. >>> to the nasdaq right now, bertha coombs is there following the big movers. >> over the last couple of days the nasdaq has managed to move into positive territory for the month of november, back above 3,000. today one of the biggest movers is research in motion getting an upgrade at goldman sachs. one of the firms that sees them perhaps getting some traction with the blackberry 10 rollout in 2013. apple up today as well, up more than 1%. look what's happened this month. nasdaq composite has moved up without the help of apple. apple on track for the third straight monthly loss. what's really made the difference here? games. cisco, some of the big caps like cisco, gilead,
. >> that even goes to obama's terminology yesterday. he talked about presenting a framework by chris mall. framework, all that means is, listen, we've got to plan, we can modify it, tweak it -- the market will not want that. >> the market will move very quickly if they perceive it is not substance. remember it's two parts -- soon and substance. >> thank you very much. >>> to the nasdaq right now, bertha coombs is there following the big movers. >> over the last...
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Nov 26, 2012
11/12
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even if obama's tax hikes don't go into effect. that's a lot of money especially new york state, new york city taxes over 52%. then i'd take that giant check and bring it to washington. you know they have that ad campaign, yeah, that kind of rich? that kind of check is that kind of rich. >> gentlemen, thank you very much. sue, down to you. i wonder what sue would do? >> i would pay for the three college educations that i'm going to have to fund all at the same time. that would be the first thing i'd do. there's a lot of good that you could do with that money. who knows? good luck to everybody who's got a ticket. >>> coming up in the next hour, the recovery road trip kickoff. day one of a three-day tour of the top cities for stocks. "street signs" reveals the number three mystery city straight ahead. we're back in a minute with a market update. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health
even if obama's tax hikes don't go into effect. that's a lot of money especially new york state, new york city taxes over 52%. then i'd take that giant check and bring it to washington. you know they have that ad campaign, yeah, that kind of rich? that kind of check is that kind of rich. >> gentlemen, thank you very much. sue, down to you. i wonder what sue would do? >> i would pay for the three college educations that i'm going to have to fund all at the same time. that would be...
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Nov 7, 2012
11/12
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president obama won the popular vote. he won probably 332 electoral votes and he ran on a very clear message of let the top tax rates expire, we'll deal with the rest of it and take the spending cuts off the table. i think house republicans eventually are going to have to come and meet him some of the way. they lost tea party members in the house and lost tea party members in the senate. there are a lot of ceos that my questions is come out in the next couple of weeks and stand behind the president, saying we can't allow this fiscal cliff to happen. president saying let's let the top rates expire and move forward with that plan. i think he has a whip hand more than the house gop does. >> what's going to be the impact, kenny? we had these ceos down here with us on the floor of the new york stock exchange. it is a powerful group of people. >> it absolutely is but i think we're getting that reaction today. i think ben is right that the market is soelg selling off. it is repricing the risk based on what the new reality looks
president obama won the popular vote. he won probably 332 electoral votes and he ran on a very clear message of let the top tax rates expire, we'll deal with the rest of it and take the spending cuts off the table. i think house republicans eventually are going to have to come and meet him some of the way. they lost tea party members in the house and lost tea party members in the senate. there are a lot of ceos that my questions is come out in the next couple of weeks and stand behind the...
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Nov 6, 2012
11/12
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the biggest thing is whether or not it is obama or romney h the market believes an obama victory is positive to bonds, from an economic standpoint, the mark it's opinion, not mine necessarily, well it is actually, but they are saying that it will be a hire regulatory environment and tax environment for corporations and a little bit of a slower recovery, therefore, you need the safety of bonds a little bit more a romney win would be the opposite. i think that's bigger factor than supply, although supply always has that kind of a constant weighing effect. >> right. right. all right, jim, thank you so much. appreciate it. >> thank you, sue. >> see you soon. >>> in the next hour, obama stocks versus romney stocks. we are going to check our exclusive cnbc port foal grows see hot market's banking on and whether you should, too. we will be right back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wa
the biggest thing is whether or not it is obama or romney h the market believes an obama victory is positive to bonds, from an economic standpoint, the mark it's opinion, not mine necessarily, well it is actually, but they are saying that it will be a hire regulatory environment and tax environment for corporations and a little bit of a slower recovery, therefore, you need the safety of bonds a little bit more a romney win would be the opposite. i think that's bigger factor than supply,...
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Nov 14, 2012
11/12
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as we await president obama's news conference 30 minutes away. >>> that is a live picture of the white house, everyone. the president's news conference begins in 30 minutes from now. we will count you down every step of the way. fiscal cliff will obviously be one of the top topics this hour. brian sullivan, eamon javers, john harwood is working his way into the white house right now for that news conference. they are all gathered with me. brian, we're going to begin with you. >> this is a big day at the white house. this is a big week at the white house regarding the fiscal cliff, guys. and today, 12 top ceo are coming here to the white house to meet with the president, anything from walmart to duke energy to ursula burns of xerox and nine others. they will gather up, they will huddle up and exchange ideas to try to find a fix for the fiscal cliff. the question is, how much is the president willing to give on spending cuts, how much is the gop willing to perhaps give on tax increases and revenue enhancements, and what will the ceos say, ask and demand? eamon javers here also at the whi
as we await president obama's news conference 30 minutes away. >>> that is a live picture of the white house, everyone. the president's news conference begins in 30 minutes from now. we will count you down every step of the way. fiscal cliff will obviously be one of the top topics this hour. brian sullivan, eamon javers, john harwood is working his way into the white house right now for that news conference. they are all gathered with me. brian, we're going to begin with you. >>...
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Nov 30, 2012
11/12
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obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a lot of concerns about headline risks over the weekend. we could be down 10, 15 on the s&p monday morning on something tha
obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments...
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Nov 27, 2012
11/12
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president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>> speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to the fiscal cliff. will a deal be done in time? today, president obama meets with small business leaders
president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>>...
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Nov 28, 2012
11/12
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so that accomplishes what president obama's asking for. now he has to reach back and say, yes, we're going to find some savings to truly -- >> senator hoeven, i know you are aware of our rise above campaign here on cnbc. here is a button. we hope you will wear it proudly. this is a north dakota edition of "power lunch." >>> well, whether to say with the norquist no tax hike pledge is now hot debate for republicans as you can see right there in washington. the once belle of the ball is now being pushed aside. politico's chief white house correspondent mike allen spoke with mr. norquist this morning. welcome to "power lunch." mr. norquist didn't seem to soften at all. as a matter of fact from what i've read, he kind of bristled. one quote from the debrief will you this morning was the party cannot have its fingerprints on the murder weapon, meaning raising taxes. how do you see this all playing out? we just heard from a senator who did not sign his pledge. you know, is mr. norquist now really be pushed aside by the party? >> grover norquist
so that accomplishes what president obama's asking for. now he has to reach back and say, yes, we're going to find some savings to truly -- >> senator hoeven, i know you are aware of our rise above campaign here on cnbc. here is a button. we hope you will wear it proudly. this is a north dakota edition of "power lunch." >>> well, whether to say with the norquist no tax hike pledge is now hot debate for republicans as you can see right there in washington. the once belle...
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Nov 15, 2012
11/12
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they're at least going up to 18.3% with the obama care taxes. so investors -- percentage wise those are big increases. >> they are, absolutely. >> investors and money managers are noting that. all of us at this conference are dealing with our year-end shareholder dristributions and cap gains right now. it is a topic on many of our minds, as well as our clients. >> it is a divide between the fiscal cliff and what to do with your dividend stocks, how you allocate your capital gains. i mean that's not an easy situation. i just wonder how much of a resolution is already baked in to the market and that's why we've been seeing the volatility, or whether or not there's -- the market is really tossing up its hands and saying we really don't know. a lot of it also i think depends on the economy. so let's take a quick pause here because mr. bernanke, the embargo's lifting on mr. bernanke's comments on housing, which of course will be breaking news because it is an integral part of the economy. the fed chief is speaking. the embargo's lifted. steve leisman
they're at least going up to 18.3% with the obama care taxes. so investors -- percentage wise those are big increases. >> they are, absolutely. >> investors and money managers are noting that. all of us at this conference are dealing with our year-end shareholder dristributions and cap gains right now. it is a topic on many of our minds, as well as our clients. >> it is a divide between the fiscal cliff and what to do with your dividend stocks, how you allocate your capital...
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Nov 12, 2012
11/12
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jpmorgan downgrading caterpillar to neutral from overweight on "the re-election of president obama" and the impact this could have on the u.s. coal and energy sectors. caterpillar down better than 11% over the past year as you see right there. jim, what do you think? agree? disagree? >> i disagree. normally i get down on these analysts because i think they look too much the minutia of a company and minneapolis the macro themes. i like his methodology, starting right at the top, politic and policy because those are the big drivers and movers of stocks over the last five years. the thing i don't like about downgrading cat, there have been some decent numbers out of china. if we think we're going to come to some agreement on fiscal cliff, the broad market with rally. cat would become a proxy. >> so disagree with jpmorgan there. brave man. "limited upside brings us back to a hold on valuation ground." the stock has had a modest jump of 8% over the past six months. >> i'm long j&j and am going to hold it like they say. that 3.51% yield is nice particularly when they're -- when the government
jpmorgan downgrading caterpillar to neutral from overweight on "the re-election of president obama" and the impact this could have on the u.s. coal and energy sectors. caterpillar down better than 11% over the past year as you see right there. jim, what do you think? agree? disagree? >> i disagree. normally i get down on these analysts because i think they look too much the minutia of a company and minneapolis the macro themes. i like his methodology, starting right at the top,...
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Nov 16, 2012
11/12
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president obama brought the bipartisan leaders together. he spoke from a position of confidence having just won the election but he said we need to find common ground and when the bipartisan leadership walked out of the white house and addressed reporters in the driveway, positive notes were all they were singing. here's a montage. >> the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel very good about what we were able to talk about in there. >> we're prepared to put revenue on the table, provided we fix the real problem. >> i feel confident that a solution may be in sight. are. >> reporter: this is just the beginning but harry reid said they're not going to wait until december 31st and go right up against the deadline so that's a positive sign. i've got to tell you, senator kent conrad, retiring chairman of the budget committee, offered in a conversation with carl quintanilla and i on "squawk on the street" a potential construct for a tax compromise, that
president obama brought the bipartisan leaders together. he spoke from a position of confidence having just won the election but he said we need to find common ground and when the bipartisan leadership walked out of the white house and addressed reporters in the driveway, positive notes were all they were singing. here's a montage. >> the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> i feel very good...
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Nov 8, 2012
11/12
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this is a chance for obama to step to the middle. this is a chance for the republicans to leave their partisanship behind and do what's right for the country. in talking to a lot of senators and congressmen down in washington, d.c., i personally believe that a lot of them want to do the right thing and this is the time the first year of a presidential cycle where that can happen. >> how critical is it that this matter get solved, not punted down the road, not just for the markets but for the economy more broadly? >> we're on a sugar high right now. have you half a trillion dollars of extra cash being pumped in by the federal reserve. the sugar high is going to end. it is so critical to have the planning and certainty of a grand compromise that if it doesn't happen, small businesses can't plan. look, we lend to 70 small businesses. we manage about $1.4 billion in assets. those companies, the ceos are screaming for certainty. they want to make their budgets, hire people, but they want to understand what the demand side of the equation
this is a chance for obama to step to the middle. this is a chance for the republicans to leave their partisanship behind and do what's right for the country. in talking to a lot of senators and congressmen down in washington, d.c., i personally believe that a lot of them want to do the right thing and this is the time the first year of a presidential cycle where that can happen. >> how critical is it that this matter get solved, not punted down the road, not just for the markets but for...
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Nov 19, 2012
11/12
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power lunch" as he was one of the group of civic leaders to meet behind closed doors with president obama on friday. mark morial, a very happy saints fans as they beat the raiders yesterday, the ceo of the national urban league. you spoke with the president on friday, mayor. where do you think he sees the most fruitful opportunity for compromise? >> the president was in a great mood and i think our meeting on friday capped off a meeting during which the president -- a week, rather, during which the president met with business, labor, civic leaders and congressional leaders. and the most important thing from our perspective are, one, to ensure that middle class and working class tax cuts are sustained in the negotiations, and then number two, to ensure that any of the steps that are taken do not affect negatively on the fragile recovery and the job creation which is beginning to take place. and thirdly, to ensure that america's most vulnerable citizens, those who have been damaged by the recession in a very big way, do not have to bear disproportionate share of the burden to get us to a gr
power lunch" as he was one of the group of civic leaders to meet behind closed doors with president obama on friday. mark morial, a very happy saints fans as they beat the raiders yesterday, the ceo of the national urban league. you spoke with the president on friday, mayor. where do you think he sees the most fruitful opportunity for compromise? >> the president was in a great mood and i think our meeting on friday capped off a meeting during which the president -- a week, rather,...
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Nov 13, 2012
11/12
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president obama meeting with big labor leaders today almost that bring us any closer for farther away from a deal? the cliff, a deal. millions of us use the product he invented, this man, right here, to keep our computers safe from virus. as we first reported yesterday, john mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story. >>> and tens of thousands of people are still without power in the 12 wealthiest counties in the country. my mere and father-in-law got theirs back last night, but they still have no heat, no hot water and no laundry. we sent gary gam minute ski into the mess in his home up to with two cameras and what he came back with will stun you. sue is live at the new york stock exchange. sue? >> i have seep a little bit of that ty, you don't want to miss gary's story in a few minutes much the markets have been up and down on either side unchanged today. right now the dow is in the green by 22 points, the s and p up about 2.75 points. nasdaq negative by a quarter percent. gold market, a little
president obama meeting with big labor leaders today almost that bring us any closer for farther away from a deal? the cliff, a deal. millions of us use the product he invented, this man, right here, to keep our computers safe from virus. as we first reported yesterday, john mcafee is on the run in central america. he is wanted for murder. we have new information this hour, including his side of the story. >>> and tens of thousands of people are still without power in the 12 wealthiest...